Bloomberg News

Manchester United May Raise $951 Million in IPO, Times Reports

April 15, 2012

Manchester United Ltd. (MNU) may raise as much as 600 million pounds ($951 million) through an initial public offering in Singapore before August, the Sunday Times reported, without saying where it got the information.

Between 25 and 30 percent of the soccer club’s shares would be listed, valuing the business at as much as 2 billion pounds, the newspaper said. Plans for a sale of shares were revived after market conditions improved, the Sunday Times said.

Manchester United declined to comment when contacted by telephone today.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net


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